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cliff debate in washington is it is still on the turf of the right-wing, the deficit cutters what we really need is a debate about how we create investments -- the incentives for job growth. we still have the lowest level of wages to gdp since the great depression. unless we have a jobs program, energy efficiencies investments in improving our electrical grid, unless we put people to work in this country, we are not ever going to close the deficit. i would say let's raise those income taxes on the highest earners, but couple it with a jobs program. >> jennifer: which is what he has tried to do by insisting on a $50 million surplus for infrastructure. fiscal cliff discussions are obviously continuing, and the white house has lowered the amount of new revenue it is seeking from $1.6 trillion to $1.4 trillion. i want to have you listen to a sound bite from speaker boehner. >> listen, we have been reasonable and responsible in our approach to this, and we're going to continue to do that. it's time for the president to do his part. >> jennifer: i don't know if you can hear that. >> i hear
cliff debate in washington is it is still on the turf of the right-wing, the deficit cutters what we really need is a debate about how we create investments -- the incentives for job growth. we still have the lowest level of wages to gdp since the great depression. unless we have a jobs program, energy efficiencies investments in improving our electrical grid, unless we put people to work in this country, we are not ever going to close the deficit. i would say let's raise those income taxes on...
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are you really going to tell me we can't settle the stupid fiscal cliff? washington, i want you to tell that to these guys. to their face, without their helmets on. i dare you. and tomorrow, i dare all of washington to not get something done while i'm there
are you really going to tell me we can't settle the stupid fiscal cliff? washington, i want you to tell that to these guys. to their face, without their helmets on. i dare you. and tomorrow, i dare all of washington to not get something done while i'm there
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are you really going to tell me we can't settle the stupid fiscal cliff? washington, i want you to tell that to these guys. to their face, without their helmets on. i dare you. and tomorrow, i dare all of washington to not get something done while i'm there in the flesh. whether a superhero or astronaut wannabe because we're down there with a live show with john mccain, chris van hollen, marco rubio, many others. at the white house, everywhere, because we figure this matters to you.
are you really going to tell me we can't settle the stupid fiscal cliff? washington, i want you to tell that to these guys. to their face, without their helmets on. i dare you. and tomorrow, i dare all of washington to not get something done while i'm there in the flesh. whether a superhero or astronaut wannabe because we're down there with a live show with john mccain, chris van hollen, marco rubio, many others. at the white house, everywhere, because we figure this matters to you.
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cliff. he said he beliefs the president has a balanced approach and draconian cuts would hurt growth but the nation needs to take spending seriously. >> we need to do things that will control these costs or forget it, the next 1020 years will -- the next 10, 20 years will see a global decline. >> not much time before the automatic spending cuts kick in. congress and the president are running out of time. it is a very real possibility that the country will head over the fiscal cliff. some lawmakers say that's not such a bad option. wedged also see a partial deal which would put off much of the negotiations until next year when congress tackles the debt ceiling. more than bill press coming up after the break when we are live in our chat room current.com/billpress. see you there. my masters degree was done completely online and that gave me the freedom and ability to do my education while i raised my kids and worked full time. raising my kids as a single mom and having them see me get my educat
cliff. he said he beliefs the president has a balanced approach and draconian cuts would hurt growth but the nation needs to take spending seriously. >> we need to do things that will control these costs or forget it, the next 1020 years will -- the next 10, 20 years will see a global decline. >> not much time before the automatic spending cuts kick in. congress and the president are running out of time. it is a very real possibility that the country will head over the fiscal cliff....
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what are your latest thoughts on the fiscal cliff clavin as we call it? >> well, i think we have a lot to learn from what i would call the fiscal spliff from washington state. legalization of marijuana adds to the state's coffers or costs the federal government an equal amount of money to police it from a distance, that's going to be the curious one. so far as the fiscal cliff the dumbest thing -- the republicans are in a situation where you know they're giving two pages of -- we want this. remember, we just -- they're torn out like perforated from the paul ryan plan. they bring them in. okay, tomorrow we'll come back with more. these are the same pages only they have -- is that bourbon on them? >> stephanie: bourbon and cheeto stains on them. >> the truth is -- i think charlie pierce touched on it before. the dumb thing is that they don't immediately go for the middle class tax cuts and let those go through. but they can't give any ground and that, i think proves that boehner can't deliver the votes necessary to get anything through. >> stephanie: right.
what are your latest thoughts on the fiscal cliff clavin as we call it? >> well, i think we have a lot to learn from what i would call the fiscal spliff from washington state. legalization of marijuana adds to the state's coffers or costs the federal government an equal amount of money to police it from a distance, that's going to be the curious one. so far as the fiscal cliff the dumbest thing -- the republicans are in a situation where you know they're giving two pages of -- we want...
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cliff. both sides mum on any details simply releasing statements saying that the lines of communication are open. it is now down to the wire for some something to happen that lawmakers can approve. there still needs to be enough time for the house and senate to review the legislation to debate it and possibly to pass it. we're back after the break. >> that's hilarious! >> ...and the thinkers thinking. >> okay, so there's wiggle-room in the ten commandments is what you're telling me. >> she's joy behar. ... and current will let me say anything. >> only on current tv. [ male announcer ] red lobster's hitting the streets to tell real people about our new 15 under $15 menu. oh my goodness! oh my gosh this looks amazing! [ male announcer ] our new maine stays! 15 entrees under $15 seafood, chicken and more! oo! the tilapia with roasted vegetables! i'm actually looking at the wood grilled chicken with portobello wine sauce. that pork chop was great! no more fast food friday's! we're going to go to
cliff. both sides mum on any details simply releasing statements saying that the lines of communication are open. it is now down to the wire for some something to happen that lawmakers can approve. there still needs to be enough time for the house and senate to review the legislation to debate it and possibly to pass it. we're back after the break. >> that's hilarious! >> ...and the thinkers thinking. >> okay, so there's wiggle-room in the ten commandments is what you're...
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cliff. both sides mum on any details simply releasing statements saying that the lines of communication are open. it is now down to the wire for some something to happen that lawmakers can approve. there still needs to be enough time for the house and senate to review the legislation to debate it and possibly to pass it. we're back after the break. jennifer >>>> it's these "talking points" that the right have about "the heavy hand of government". i want to have that conversation. let's talk about it. really. really! that you're gonna lay people off because now the government's going to help you fund your health care. really? i wanna be able to have those conversations. not just to be confrontational, but to understand what the other side is saying. and you know, i'd like to arm our viewers with the ability to argue with their conservative uncle joe over the dinner table. ♪ ♪ the trucks are going farther. the new 2013 ram 1500. ♪ ♪ with the best-in-class fuel economy. engineered to mo
cliff. both sides mum on any details simply releasing statements saying that the lines of communication are open. it is now down to the wire for some something to happen that lawmakers can approve. there still needs to be enough time for the house and senate to review the legislation to debate it and possibly to pass it. we're back after the break. jennifer >>>> it's these "talking points" that the right have about "the heavy hand of government". i want to have...
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gerri: is the writing on the rall for the fiscal cliff gerri: we are dangling over the fiscal cliff. but washington is at a standstill. although the president is refusing to sit down with republicans, he did talk to speaker john boehner this afternoon, and the white house is talking to federal agencies, warning them to get ready to go over the cliff. with more on this, congressman tom mcclintock of california. a member of the budget committee. if you for joining us today. you know, we heard about this telephone call between speaker boehner and the president. you think anything will come of that? >> the president has been very clear. he is hell-bent to raise taxes massively on those very wealthy folks made making over $250,000. bearer 80% of small businesses, in and exactly the time when we are depending on them to create two thirds of the new jobs in our country desperately needs. gerri: the republicans are in the way of a settlement. i want to hear what he said today. here is the president. >> we can probably solve this in a week. it is not that tough. but we need that conceptual br
gerri: is the writing on the rall for the fiscal cliff gerri: we are dangling over the fiscal cliff. but washington is at a standstill. although the president is refusing to sit down with republicans, he did talk to speaker john boehner this afternoon, and the white house is talking to federal agencies, warning them to get ready to go over the cliff. with more on this, congressman tom mcclintock of california. a member of the budget committee. if you for joining us today. you know, we heard...
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. >> tom: as fiscal cliff negotiations continued in washington today, stocks on wall street were stuck in neutral. the dow rose 15 points, the nasdaq gained nine, and s&p added a fraction. still, the benchmark s&p 500 index has regained most of the ground it lost after the presidential election. that's as investors may sense an agreement to avert the fiscal cliff is coming soon. suzanne pratt reports. >> reporter: the tree is up on wall and broad, and so is the u.s. stock market. the holiday season typically is a good time for stocks. in fact, since 1950, december has been the best month of the year for the s&p 500 with the index gaining an average of 1.7%. this december is off to a good start, even though the fiscal cliff looms large over trading floors. most investors remain optimistic there will be a deal in washington before santa arrives. but floor broker teddy weisberg isn't sure where all the optimism is coming from. >> it's a real dilemma here because a lot of folks that i talk to, and customers and professionals alike, are very, very nervous. and i think they are perplexed by
. >> tom: as fiscal cliff negotiations continued in washington today, stocks on wall street were stuck in neutral. the dow rose 15 points, the nasdaq gained nine, and s&p added a fraction. still, the benchmark s&p 500 index has regained most of the ground it lost after the presidential election. that's as investors may sense an agreement to avert the fiscal cliff is coming soon. suzanne pratt reports. >> reporter: the tree is up on wall and broad, and so is the u.s. stock...
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encroaching on the dreaded fiscal cliff, but a washington insider has a plan to get the u.s. budget back on track without tax hikes and way before simpson-bowles says they would do it. he says 2020. the former treasury secretary joining us live exclusively only here on fox business next. don't move. ♪ [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questio and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protected. [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's j
encroaching on the dreaded fiscal cliff, but a washington insider has a plan to get the u.s. budget back on track without tax hikes and way before simpson-bowles says they would do it. he says 2020. the former treasury secretary joining us live exclusively only here on fox business next. don't move. ♪ [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like...
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we're one day closer to the dreaded fiscal cliff and washington is freezing over. >>> the fiscal cliff is coming to town. >> he says he's an optimist. >> i remain optimistic. >> i remain the most optimistic person in this town. >> but he doesn't sound optimistic. >> i'm pretty confident republicans would not hold middle class taxes hostage. >> we've got differences. >> taxes are going up one way or the other. >> the president and i had a deliberate talk. >> the key is to make sure the taxes go up on the high end individuals like you and me, barbara. we can afford it. >> they're going to have to cave in on this rate increase on the rich. >> we're going to stay here right up until christmas eve. >> the time is running short. >> merry cliffmas. ♪ >>> bundle up, everybody. because it is cold out there. and with just 12 days to hanging our stockings by the chimney and 20 days until the dreaded fiscal cliff, there's a distinct chill in the air. after the exchange of new offers, the president phones john boehner last night for one what aide described as a tense call. the speaker today, he h
we're one day closer to the dreaded fiscal cliff and washington is freezing over. >>> the fiscal cliff is coming to town. >> he says he's an optimist. >> i remain optimistic. >> i remain the most optimistic person in this town. >> but he doesn't sound optimistic. >> i'm pretty confident republicans would not hold middle class taxes hostage. >> we've got differences. >> taxes are going up one way or the other. >> the president and i had a...
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and stocks are higher as fiscal cliff song and dance continues in washington. mr. boehner says he is waiting for a proposal from this gentleman, the president. president obama. and the president is set to speak about the cliff and the a economy later today. >> i thought i was supposed to come here today. you thought you were supposed to come here today. so we are both here. not really, folks. a lot of talk today is about what investors should do if we go over the cliff. what should we do if there is a debt deal before year-end or shortly thereafter. we have smart strategies and individual stock picks for you this hour. >> that's right. well also take a look at another side of google that you very rarely hear about. the internet giant stashing billions in tax shelters to avoid paying taxes. is that fair play or outrageous corporate behavior? especially in this climate. well talk about that. but first, markets are generally higher. dow jones industrial average up 29 points on the day. nasdaq is up 7. and s&p 500 up about 1 1/2. >> they've been that way about the last
and stocks are higher as fiscal cliff song and dance continues in washington. mr. boehner says he is waiting for a proposal from this gentleman, the president. president obama. and the president is set to speak about the cliff and the a economy later today. >> i thought i was supposed to come here today. you thought you were supposed to come here today. so we are both here. not really, folks. a lot of talk today is about what investors should do if we go over the cliff. what should we do...
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fiscal cliff talks raising billions of dollars in november compared to the previous month. it is up, believe it or not, $1.1 trillion coming year-over-year. will this put pressure on the white house and congress to put bispending cuts on the table? let's ask scott garrett of new jersey and vice-chairman of the budget committee. $1.1 trillion deficit for 2012 budget. that is just not there. >> it is not good. i understand that you're going to have a marriage counselor? [laughter] so i assume the answer is that one of the issues that lead to a breakup is right overspending. that's what we have here. tracy: we are dying to know why we can't get this figured out. >> well, just as in marriage, to solve the problem on spending some you have to sit around a the kitchen table and get open the checkbook. i guess that is the exact same thing that needs to be going on here in washington. speaker boehner has been trying to do that. the money is just flowing out, we will continue to talk about the legislature and the president has not come to the kitchen table with a real plan. tracy: t
fiscal cliff talks raising billions of dollars in november compared to the previous month. it is up, believe it or not, $1.1 trillion coming year-over-year. will this put pressure on the white house and congress to put bispending cuts on the table? let's ask scott garrett of new jersey and vice-chairman of the budget committee. $1.1 trillion deficit for 2012 budget. that is just not there. >> it is not good. i understand that you're going to have a marriage counselor? [laughter] so i...
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darren gersh, nbr, washington. >> susie: the fiscal cliff was certainly one topic on the agenda of the federal reserve today as policymakers kicked off their two-day meeting. tomorrow, the world will be waiting to see whether the central bank will do more to prop up the u.s. economy. the big question is whether the fed will stick with its so- called "operation twist" bond- buying program, or will it announce something new? erika miller takes a closer look at what's expected. >> reporter: the fed may announce a new twist in its bond buying plans, but that doesn't necessarily mean the stock market will shout. at it's final meeting of the year, the central bank is not expected to simply extend its operation twist program. that's the nickname for the fed's strategy of buying long- term treasuries and, at the same time, selling an equal amount of shorter-dated bonds. that's important because it keeps the bank's balance sheet the same size. now, the fed may be ready to do a new stimulus dance. >> under twist, they've been purchasing $45 billion longer term treasuries while at the same time s
darren gersh, nbr, washington. >> susie: the fiscal cliff was certainly one topic on the agenda of the federal reserve today as policymakers kicked off their two-day meeting. tomorrow, the world will be waiting to see whether the central bank will do more to prop up the u.s. economy. the big question is whether the fed will stick with its so- called "operation twist" bond- buying program, or will it announce something new? erika miller takes a closer look at what's expected....
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get to the fiscal cliff in a second. but first, the job report this morning, 7.7% unemployment because so many people left the workforce. 146,000 jobs. the question a lot of people are asking is when are we going get back to good honest job creation to grow the economy? what is it going to take? >> political will in a word. what is interesting about the jobs numbers and the economy in general is that it's not so much the fundamentals of the economy. businesses who hire people who create jobs which nancy pelosi is looking for are looking for political will out of washington. they are looking for certainty on the fiscal cliff. certainty that debt reduction, there will be debt reduction, that entitlements will be brought under control. looking for certainty on taxe taxes. until this happens, there isn't going to be that certainly. i have to say that the republicans showed the political will. they stood up, to the conservative base. they put the re-knews on the table. what troubles me -- now that the ball is in the white hou
get to the fiscal cliff in a second. but first, the job report this morning, 7.7% unemployment because so many people left the workforce. 146,000 jobs. the question a lot of people are asking is when are we going get back to good honest job creation to grow the economy? what is it going to take? >> political will in a word. what is interesting about the jobs numbers and the economy in general is that it's not so much the fundamentals of the economy. businesses who hire people who create...
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the game of political chicken over the fiscal cliff is still being played in washington. why congress emptied out this weekend with no deal in hand. plus, what are the most intriguing images of 2012? from the disturbing to the hilarious, we' look at the
the game of political chicken over the fiscal cliff is still being played in washington. why congress emptied out this weekend with no deal in hand. plus, what are the most intriguing images of 2012? from the disturbing to the hilarious, we' look at the
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navy band. >>> the fiscal cliff grabbing the headlines in washington. but that's not the only big event at the nation's capital. next month, president obama will be inaugurated for a second term and that means plenty of turnover among his top advisers. emily schmitt has a look at the upcoming cabinet. >> reporter: this -- >> this is a wonderful opportunity for me to meet with my full cabinet. >> reporter: maybe the last glimpse of this picture. >> he wants to put together a team, especially in international affairs, a team overall that going into a second term doesn't look like a second team, does not look like a group of second stringers. >> reporter: the likely short list to succeed secretary of state hillary clinton, is also politically charged. susan rice is thought to be a leading contender, but some republicans have been highly critical of rice following the attack on the u.s. consulate in libya. >> when they go after the u.n. ambassador, apparently because they think she's an easy target, then they've got a problem with me. >> senator mccain? >>
navy band. >>> the fiscal cliff grabbing the headlines in washington. but that's not the only big event at the nation's capital. next month, president obama will be inaugurated for a second term and that means plenty of turnover among his top advisers. emily schmitt has a look at the upcoming cabinet. >> reporter: this -- >> this is a wonderful opportunity for me to meet with my full cabinet. >> reporter: maybe the last glimpse of this picture. >> he wants to...
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the two will depart washington in february, but not before weighing in on the fiscal cliff. welcome back. >> thank you. >> congressman, let me start just a question to both of you. would you describe yourself as disappointed, bitter, upset? how would you describe your post-election feelings? >> i don't know if i'm angry, disappointed. any of those things. new chapter in life. i wish i would have won, but that didn't happen. the voters made a different decision. i'm still very passionate about the things that brought me to the congress in the first place and i hope to continue to stay in that fight. so, i don't have any of those emotions of feeling like a negative feeling at all. >> are you in the same place? you were in a very close race. >> i guess a little bit different. the number one take away is the absolute privilege of being able to serve the 14 years that i served you can't help but look back and be really appreciatative that i had the opportunity to be here and make my mark. no doubt there is a grieving period when you lose an election, but i worked quickly through
the two will depart washington in february, but not before weighing in on the fiscal cliff. welcome back. >> thank you. >> congressman, let me start just a question to both of you. would you describe yourself as disappointed, bitter, upset? how would you describe your post-election feelings? >> i don't know if i'm angry, disappointed. any of those things. new chapter in life. i wish i would have won, but that didn't happen. the voters made a different decision. i'm still very...
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should they stay in washington until the fiscal cliff is resolved? 87% of you said, yes, and 13% said no. log on to gerriwillis.com for the online question every weekday. finally, president obama is meeting with everybody these days other than republicans on the fiscal cliff like progressive members of the media, and by that, msnbc anchors like al sharpton, and he's the perfect guy to talk about taxes, part of the 2%, making $250,000 a year from the national action network, and earns money from msnbc, and he knows not how to pay taxes,. he has a million more in state taxes. that's just him. his group owes $800,000. this is not the first time he shortchanged uncle sam. twenty years ago, pleaded guilty
should they stay in washington until the fiscal cliff is resolved? 87% of you said, yes, and 13% said no. log on to gerriwillis.com for the online question every weekday. finally, president obama is meeting with everybody these days other than republicans on the fiscal cliff like progressive members of the media, and by that, msnbc anchors like al sharpton, and he's the perfect guy to talk about taxes, part of the 2%, making $250,000 a year from the national action network, and earns money from...
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making progress on the fiscal cliff in washington, d.c. with the clock ticking away just days left for congress to reach a deal. are we any closer? >>> plus, a staple in hundreds of thousands of african-american homes for decades. "jet" magazine not afraid to make history and doing it again with a ground breaking announcement. >>> supreme court justice scalia raising eyebrows with a comment he made about murdered and homosexuality. if we cannot have moral feelings against homosexuality can we have it against murder, can we have it against other things? our big question for you is should a supreme court justice equate the morality of human sexuality with murder? tweet me at thomasaroberts or find me on facebook. anncr: some politicians seem to think medicare and... social security are just numbers in a budget. well, we worked hard for those benefits. we earned them. and if washington tries to cram decisions about the future... of these programs into a last minute budget deal... we'll all pay the price. aarp is fighting to protect seniors wi
making progress on the fiscal cliff in washington, d.c. with the clock ticking away just days left for congress to reach a deal. are we any closer? >>> plus, a staple in hundreds of thousands of african-american homes for decades. "jet" magazine not afraid to make history and doing it again with a ground breaking announcement. >>> supreme court justice scalia raising eyebrows with a comment he made about murdered and homosexuality. if we cannot have moral feelings...
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. >>> to the fiscal cliff now, leaders in washington have less than three weeks to reach a budget deal or else face automatic spending cuts and tax increases that are likely to send the country back into a recession. the agreement has been slow. president obama and congressional republicans remain split on raising taxes on upper middle-class americans. susan mcginnis is in washington with the latest now. susan, good morning to you. >> hi. good morning, terrell. both sides are talking publicly about what they want. the gop pushing back against that. but privately negotiations do continue. in an exclusive interview airing on abc's "20/20" this friday night, president obama says he's optimistic a deal will be reached, and he's confident the gop won't hold the middle-class taxes hostage to protect higher income americans. >> taxes are going to go up one way or the other, and think the key is to make sure the taxes go up on higher individuals like you and me, barbara. we can afford it. >> reporter: earlier on tuesday the president and house speaker john boehner shared a phone call to discus
. >>> to the fiscal cliff now, leaders in washington have less than three weeks to reach a budget deal or else face automatic spending cuts and tax increases that are likely to send the country back into a recession. the agreement has been slow. president obama and congressional republicans remain split on raising taxes on upper middle-class americans. susan mcginnis is in washington with the latest now. susan, good morning to you. >> hi. good morning, terrell. both sides are...
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is the season for giving, but don't let washington fiscal cliff talks cloud your judgment for finding the best cherries for your dope. our experts shares tips on what you need to know. we are on the case next on "the willis report". ♪ gerri: big changes coming to tech giant ibm that may change the way you ave for ♪ gerri: there is the story out there not getting a lot of attention today that you need to hear abou particularly if you care about your retirement. ibm overhauling its retirement program. instead of contributing to its employees 401(k) over time,he company will opt to contribute a lump-sum payment once per year. this may not sound like a big change, but the move undermines the very idea of retirement savings. look, the attraction of a fox business is the idea that you leveled out what you pay for in investments over time. stock prices go up, they go down, but over time you average out your risks and your cost. i call it dollar cost averaging. but with ibm's new plan, the advantage of its lead disappears. this would not be such a big deal, but ibm is considered a leader
is the season for giving, but don't let washington fiscal cliff talks cloud your judgment for finding the best cherries for your dope. our experts shares tips on what you need to know. we are on the case next on "the willis report". ♪ gerri: big changes coming to tech giant ibm that may change the way you ave for ♪ gerri: there is the story out there not getting a lot of attention today that you need to hear abou particularly if you care about your retirement. ibm overhauling its...
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. >> nearing the edge washington still want seem to agree on a deal to avoid that fiscal cliff. were voters optimistic lawmakers will come through on this one? doug luzader has the brand new fox poll from washington. good morning. >> good morning. the clock isic itting. will there be an agreement. 51 percent of registered voters in the fox news poll say there will be an agreement between the president and congress to avert the fiscal cliff before the end of the year. a tiny majority. start with the white house position that taxes on wealthy must go up and republicans plan to give tax breaks just won't fly. here is jay carney. >> it is not a plausible position as jason fuhrman made clear to you last week to say we can somehow magically achieve significant revenue p on the order that we need for that balance reduction package simply by closing loopholes they will not name or capping deductions they will not specify sometime in the future. that is -- those magic beans are just beans. that fair redust is just dust. it isn't. >>> here's what the fox news polls show us. can raising ta
. >> nearing the edge washington still want seem to agree on a deal to avoid that fiscal cliff. were voters optimistic lawmakers will come through on this one? doug luzader has the brand new fox poll from washington. good morning. >> good morning. the clock isic itting. will there be an agreement. 51 percent of registered voters in the fox news poll say there will be an agreement between the president and congress to avert the fiscal cliff before the end of the year. a tiny...
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is the season for giving, but don't let washington fiscal cliff talks cloud your judgment for finding the best cherries for your dope. our experts shares tips on what you need to know. we are on the case next on "the ♪ [ male announcer ] how could switchgss in argentina, change engineering in dubai, aluminum production in south africa, and theerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidedence. request a prospectus or summary prospectus with investment information, risks, feesnd expenses to rd and consider carefully before investing. ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride get the mercedes-benz on your wish list at the wint event going on now through december 31st. [ santa ] hoho, ho! [ male announcer ] lease a 2013 e350 for $579 a month at your local merces-benz deale ♪ gerri: big changes coming to tech giant ibm that may change the way you save for ♪ gerri: tre is the s
is the season for giving, but don't let washington fiscal cliff talks cloud your judgment for finding the best cherries for your dope. our experts shares tips on what you need to know. we are on the case next on "the ♪ [ male announcer ] how could switchgss in argentina, change engineering in dubai, aluminum production in south africa, and theerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our...
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is the season for giving, but don't let washington fiscal cliff talks cloud your judgment for finding the best cherries for your dope. our experts shares ts on what you need to know. we are on the case next on "the willis report". ♪ gerri: big changes coming to tech giant ibm that may change the way you save for john is 42. mortgage. married. two great kids. he wants to protecect his family with a $500,000 term life insurance policy. what do you think it'll cost him? a hundred dollars a month? sixty? forty? actually none of the above. john can get a $500,000 policy -from a highly rated insurer - for under $25 a month. his secret? selectquote. selectquote is impartial. they'll search the pick of insurers like these to give you a choice of your best prices. selectquote has great savings on term life for women, too. john's wife carrie, can get a $500,000 policy for under $16 a month. selectquote has helped ma term life insurance affordable for hundreds of thousands of people since 1985. how about you? just call this number or visit selectquote dot com. ♪ gerri: there is the story out
is the season for giving, but don't let washington fiscal cliff talks cloud your judgment for finding the best cherries for your dope. our experts shares ts on what you need to know. we are on the case next on "the willis report". ♪ gerri: big changes coming to tech giant ibm that may change the way you save for john is 42. mortgage. married. two great kids. he wants to protecect his family with a $500,000 term life insurance policy. what do you think it'll cost him? a hundred...
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cliff negotiations in washington, d.c. nbc's mike viqueira is standing by on capitol hill. mike, i guess the big head line to come out of this other than the old christmas adage about the ifs, ands, buts, is the fact it's tied mainly to negotiation? >> yeah, if you spend any time around here, andy, two things are going to happen to you as a reporter, you're going to be insulted by john boehner, and you're going to hear him say ifs ands and buts were nuts -- would you put something on the floor that didn't have a majority of republicans to vote for? that really is a threshold question. what he's asking, would you allow a vote on allowing those tax rates for the richest mer e americans to go up, would you allow the house of representatives to vote on it? hedging response from speaker john boehner which is in itself interesting. basically what we have here, back to square one. there's no visible movement. i'm told over the course of yesterday there were no phone calls. whatever meetings or conversations took place, it went ab
cliff negotiations in washington, d.c. nbc's mike viqueira is standing by on capitol hill. mike, i guess the big head line to come out of this other than the old christmas adage about the ifs, ands, buts, is the fact it's tied mainly to negotiation? >> yeah, if you spend any time around here, andy, two things are going to happen to you as a reporter, you're going to be insulted by john boehner, and you're going to hear him say ifs ands and buts were nuts -- would you put something on the...
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we're fighting about that in washington on the fiscal cliff, too. >> let me -- last question for you, suppose the republicans, they don't like the uaw's liberal point of view on politics. >> none of our dues dollars goes to -- very, very little. we raise our money for politics through voluntary contributions. the money that members pay in dues goes to pay for the representation they get. >> okay. well said. let me go to mr. hagerstrom. same tough questions. why are republicans and your organization against unions, because this is pretty much a union gutting operation. you would like to see -- you work for the koch brothers. they don't like unions. why are you working for them? >> you know, i work for americans for prosperity. this is not about the koch brothers. this is about freedom for -- >> who is paying your salary? >> i work for americans for prosperity -- >> who is paying your salary? >> americans for prosperity. i came here to talk about the policy and -- >> who is paying your salary to do it? who is paying your salary to do what you're doing right now? >> i just told you. amer
we're fighting about that in washington on the fiscal cliff, too. >> let me -- last question for you, suppose the republicans, they don't like the uaw's liberal point of view on politics. >> none of our dues dollars goes to -- very, very little. we raise our money for politics through voluntary contributions. the money that members pay in dues goes to pay for the representation they get. >> okay. well said. let me go to mr. hagerstrom. same tough questions. why are republicans...
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then again, it could look like fiscal cliff part two. washington is washington, after all. telemundo jose diaz bullart lends his intelligence and wit to an increasingy horny topic. jose, it's wonderful to see you, as always. >> thank you, alex. what a pleasure. pleasure to see you. you know, it's interesting, alex. the folks that love -- i'm sorry. go ahead. >> oh, i was just going to say there has been this sense that everyone was going to settle under a rainbow and sit at the pot of gold and come up with comprehensive immigration reform, but now we are starting to see some fractures, some discussion that certain elements of the republican party are not going to be okay with a comprehensive immigration reform package. where do you stand on this? do you think that -- >> it's interesting. do think the process helped the gop among latino voters? >> no. no. it's interesting, alex, because the same people that love a tax amnesty hate apparently citizenship possibilities for 11 million people that have been here for many years. many of them have children and grandchildren born i
then again, it could look like fiscal cliff part two. washington is washington, after all. telemundo jose diaz bullart lends his intelligence and wit to an increasingy horny topic. jose, it's wonderful to see you, as always. >> thank you, alex. what a pleasure. pleasure to see you. you know, it's interesting, alex. the folks that love -- i'm sorry. go ahead. >> oh, i was just going to say there has been this sense that everyone was going to settle under a rainbow and sit at the pot...
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is the season fo giving, but don't let washington fiscal cliff talks cloud your judgment for finding the best cherries for your dope. our experts shares tips on what you need to know. we are on the case next on "the we are on the case next on "the willis report". this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? let me guess, am on the naughty list again? ho ho ho! ♪ gerri: big changes coming to tech giant ibm that may change tech giant ibm that may change the way you save for - ♪ 'cause people got me estioning ♪ ♪ where is the love - ma'am. you forgot your purse. - thank you. oh. thank you very much. - a message from the foundation for a better life. ♪ gerri: there is the story out there not getting a lot of atte
is the season fo giving, but don't let washington fiscal cliff talks cloud your judgment for finding the best cherries for your dope. our experts shares tips on what you need to know. we are on the case next on "the we are on the case next on "the willis report". this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the...
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then all look at the lobbying going around the fiscal cliff negotiations by clients in washington. our guest is anna palmer. and later a discussion on syria and the response from the international community. live at 7:00 a.m. eastern here on c-span. this week on news makers, the vermont governor and chair of the democratic governors' association peter shumlin. he talks about the fiscal cliff and laying the groundwork for the 2013-2014 election. that is at 10:00 a.m. eastern on c-span. >> in president obama's weekly address, he talks about tax policy, the tax cuts put in place by the previous administration that will expire at the end of the year. then the republican address on the economy, jobs, and education policy. >> hello, everybody. over the last few weeks, there's been a lot of talk about deadlines we're facing on jobs and taxes and investments. but with so much noise and so many opinions flying around, it can be easy to lose sight of what this debate is really about. it's not about which political party comes out on top, or who wins or loses in washington. it's about making
then all look at the lobbying going around the fiscal cliff negotiations by clients in washington. our guest is anna palmer. and later a discussion on syria and the response from the international community. live at 7:00 a.m. eastern here on c-span. this week on news makers, the vermont governor and chair of the democratic governors' association peter shumlin. he talks about the fiscal cliff and laying the groundwork for the 2013-2014 election. that is at 10:00 a.m. eastern on c-span. >>...
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>> the whole country is truly concerned about the fiscal cliff, that is obvious. everybody is sitting back and waiting to see if washington can actually get something done. if political agendas can get it aside and think about the devastation that probably occurred with the fiscal cliff. the spring selling season begins in late january. we have been the bright spot in the economy. our industry are creating jobs, we're coming back in the early stages of a recovery so the fiscal cliff january 1 would have a huge impact on the country, and impact on our business, and we have our fingers crossed and are very hopeful washington can get something done and we'll have to see. but if they don't, there is no question there will be a little bit of time until things settle down when the buyers will hit the sidelines. liz: will it derail the tentative recovery here? >> right now we are three weeks away from this fiscal cliff date and we're still selling houses. i don't think it derails it, but there could be a pause until things get worked out. liz: part of it is being discuss
>> the whole country is truly concerned about the fiscal cliff, that is obvious. everybody is sitting back and waiting to see if washington can actually get something done. if political agendas can get it aside and think about the devastation that probably occurred with the fiscal cliff. the spring selling season begins in late january. we have been the bright spot in the economy. our industry are creating jobs, we're coming back in the early stages of a recovery so the fiscal cliff...
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to avoid the fiscal cliff. stocks rising, well, modestly is a big, strong word for what happened. technology stocks helping the dow up 15 points. the s&p up a fraction, the nasdaq rose nine. trading light. technology stocks strong in the market, and i'm speaking, obviously, comparatively. hewlett-packard setting the tone, leading the sector, not commenting on speculation that carl icahn has been amazing a position in the stock -- amassing a position in the stock. cisco systems -- mcdonald's, also a dow stock rising on news that sales rose 2.5% last month. that stock up just about 1% today. piper jaffray calling apple a $900 stock based on fundamentals. it may be, but it's got a ways to go after today, apple losing $3.43 on the day, $8 above its low of the session and trading slightly higher in after hours. crude oil prices down on the day for a fifth straight session closing at 85.56, the decline in crude also showing up at the pump. the average price of a gallon of gasoline dropping 11 cents, and we're looking
to avoid the fiscal cliff. stocks rising, well, modestly is a big, strong word for what happened. technology stocks helping the dow up 15 points. the s&p up a fraction, the nasdaq rose nine. trading light. technology stocks strong in the market, and i'm speaking, obviously, comparatively. hewlett-packard setting the tone, leading the sector, not commenting on speculation that carl icahn has been amazing a position in the stock -- amassing a position in the stock. cisco systems --...
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. >> the fiscal cliff stalemate remains. >> the standoff continues. there isn't a lot of reason for hope. >> democrats and republicans are blaming each other for the stalled negotiations. >> who's going to blink sglirs what's going to blink first. >> the white house is daring republicans literally to blink. (laughter) >> stephen: obama is daring republicans literally to blink. well, the joke's on him! (laughter) because i know some republicans who had their eyelids surgically removed. (laughter) (cheers and applause) now obama won't budge off his calls for $1.6 trillion in new tax revenue over the coming decade, mostly from increasing tax rates and taxes on upper-bracket earners. folks, that's just punishing our nation's job creators. america's billionaires are the engine that drives our economy through smart investments! and occasionally through dumb ones. (laughter) today house speaker john boehner struck back with his plan to cut spending by demanding obama come up with boehner's plan to cut spending. (laughter) >> a lot of people know that the pre
. >> the fiscal cliff stalemate remains. >> the standoff continues. there isn't a lot of reason for hope. >> democrats and republicans are blaming each other for the stalled negotiations. >> who's going to blink sglirs what's going to blink first. >> the white house is daring republicans literally to blink. (laughter) >> stephen: obama is daring republicans literally to blink. well, the joke's on him! (laughter) because i know some republicans who had their...
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we will talk more about the fiscal cliff this morning on "the washington journal." what tax deductions would you give up as part of a solution to the deficit problems? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. you can also find us online. send us a tweet, twitter.com/c- spanwj. find a son facebook and weigh in there. at journal@c- span.org. "the christian science monitor," asked what we would be willing to give up. "americans would be willing to give up the tax deduction for charitable giving over other popular tax breaks." host: let's take a look at the results of this poll. 25% said that they would be willing to give up the charitable giving tax deduction. almost the same amount said it would be willing to give up their deduction for state taxes. 19% said they would be willing to give up host: we would like to hear what deduction you would give up. you can weigh in on our facebook page, there's a poll set up where you can tell us specifically which interests you the most, or perhaps wh
we will talk more about the fiscal cliff this morning on "the washington journal." what tax deductions would you give up as part of a solution to the deficit problems? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. you can also find us online. send us a tweet, twitter.com/c- spanwj. find a son facebook and weigh in there. at journal@c- span.org. "the christian science monitor," asked what we would be...
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cheryl: we are going to take a look at what is beyond the fiscal cliff even of washington save the country from going over that cliff we have a stock panel that has lots of worries and a bit of hope that. dennis: which makes some buzz codes when the dow is up 111. michigan's capital and besieged as protests over the right to work legislation has taken an ugly turn. we are live. cheryl: never know what is going to happen with jeff flock covering that story. we're coming up on the top of the hour. stocks every 15 minutes and nicole petallides on the floor of the stock exchange with a nice triple digit gain. nicole: what a gain on wall street. we have three straight weeks of gains to new recent highs. looking at 13,300 on the dow jones industrial, that is good and the s&p 500 calm, holding above the 1400 mark. they were worried when we were breaking down below and we are continuing the trend to the upside. one of the reasons is europe, europe has been a break out and the dollar has been weaker and that has held equities higher. we continue to move to the upside. so far so good. 20 of 30 names
cheryl: we are going to take a look at what is beyond the fiscal cliff even of washington save the country from going over that cliff we have a stock panel that has lots of worries and a bit of hope that. dennis: which makes some buzz codes when the dow is up 111. michigan's capital and besieged as protests over the right to work legislation has taken an ugly turn. we are live. cheryl: never know what is going to happen with jeff flock covering that story. we're coming up on the top of the...
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. >> in washington, d.c., stepped up efforts to avoid the fiscal cliff. >> the speaker and minority leader took the fight over the cliff to the house floor today. abc 7 news mark matthews joins us now with more on this. >> there is an inside game and outside game. right now, they and their supporters are showing us only outside game. john boehner says the president is not serious about putting -- cutting spending. >> we're waiting for the white house to identify what cuts of president is willingóñ'÷ to make as part of the approach that he promised. pelosi challenging republicans to extend tax cuts for middle class. >> we've been calling upon the speaker to bring forth middle income tax cut now for a long time. in fact, since last summer. >> the white house pushed back pointing to the 250 page budget. >> it's the issue is where are your proposals i think we've answer that had question in full.)zqxÑ >> to which they responded that if the president gets what he wants he's putting the country a trillion in debt. >> it's something we cannot let him to do owe our count zpri our children. >>
. >> in washington, d.c., stepped up efforts to avoid the fiscal cliff. >> the speaker and minority leader took the fight over the cliff to the house floor today. abc 7 news mark matthews joins us now with more on this. >> there is an inside game and outside game. right now, they and their supporters are showing us only outside game. john boehner says the president is not serious about putting -- cutting spending. >> we're waiting for the white house to identify what...
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find a way over the fiscal cliff and then there's those disconcerting moments. >> if there is no agreement, we go over the cliff. >> just assuming that washington's consensus is wrong tland's no deal. income taxes will go up, a typical family of four will pay about $2,000 more a year. the social security rate goes up 2%. benefits for the long-term unemployed benefits expire, most benefits will be cut by about 10%. nondefense discretionary spending, things like air travel, safety and food inspections will be cut about 8%. the ceo warns that no deal could lead the economy back to recession. others say that it might be rough in the short run but the economy might prosper in the long return. the facts t politics and the future of the fiscal cliff next with cnn's senior congressional correspondent dana bash, steven moore of the "wall street journal" and jackie calms of the "new york times." 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. get the best offer of the year -- 0% apr financing for 60 months plus $1,000 holiday bon
find a way over the fiscal cliff and then there's those disconcerting moments. >> if there is no agreement, we go over the cliff. >> just assuming that washington's consensus is wrong tland's no deal. income taxes will go up, a typical family of four will pay about $2,000 more a year. the social security rate goes up 2%. benefits for the long-term unemployed benefits expire, most benefits will be cut by about 10%. nondefense discretionary spending, things like air travel, safety and...